2017 Q1 Form 10-Q Financial Statement

#000103129617000023 Filed on April 27, 2017

View on sec.gov

Income Statement

Concept 2017 Q1 2016 Q1
Revenue $2.776B $3.869B
YoY Change -28.25% -0.72%
Cost Of Revenue $791.0M $1.124B
YoY Change -29.63% 0.99%
Gross Profit $2.064B $2.745B
YoY Change -24.81% -1.4%
Gross Profit Margin 74.35% 70.95%
Selling, General & Admin
YoY Change
% of Gross Profit
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $416.0M $461.0M
YoY Change -9.76% 8.47%
% of Gross Profit 20.16% 16.79%
Operating Expenses $1.436B $1.905B
YoY Change -24.62% -13.09%
Operating Profit $616.0M $776.0M
YoY Change -20.62% 30.64%
Interest Expense $245.0M $288.0M
YoY Change -14.93% 3.23%
% of Operating Profit 39.77% 37.11%
Other Income/Expense, Net -$219.0M -$235.0M
YoY Change -6.81% 3.07%
Pretax Income $409.0M $541.0M
YoY Change -24.4% 47.81%
Income Tax $149.0M $213.0M
% Of Pretax Income 36.43% 39.37%
Net Earnings $205.0M $328.0M
YoY Change -37.5% 47.75%
Net Earnings / Revenue 7.38% 8.48%
Basic Earnings Per Share $0.46 $0.78
Diluted Earnings Per Share $0.46 $0.77
COMMON SHARES
Basic Shares Outstanding 443.0M shares 424.0M shares
Diluted Shares Outstanding 444.0M shares 426.0M shares

Balance Sheet

Concept 2017 Q1 2016 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments $164.0M $146.0M
YoY Change 12.33% 62.22%
Cash & Equivalents $164.0M $146.0M
Short-Term Investments
Other Short-Term Assets $147.0M $155.0M
YoY Change -5.16% -1.27%
Inventory $531.0M $781.0M
Prepaid Expenses
Receivables $1.396B $1.432B
Other Receivables $155.0M $162.0M
Total Short-Term Assets $2.760B $3.230B
YoY Change -14.55% -19.47%
LONG-TERM ASSETS
Property, Plant & Equipment $28.80B $37.64B
YoY Change -23.51% 4.23%
Goodwill $5.618B $6.418B
YoY Change -12.46% 0.0%
Intangibles
YoY Change
Long-Term Investments $519.0M $526.0M
YoY Change -1.33% -41.43%
Other Assets $1.028B $1.238B
YoY Change -16.96% -7.96%
Total Long-Term Assets $7.646B $8.935B
YoY Change -14.43% -2.19%
TOTAL ASSETS
Total Short-Term Assets $2.760B $3.230B
Total Long-Term Assets $7.646B $8.935B
Total Assets $43.21B $52.70B
YoY Change -18.0% 1.57%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $977.0M $1.000B
YoY Change -2.3% -9.26%
Accrued Expenses $307.0M $309.0M
YoY Change -0.65% 24.1%
Deferred Revenue
YoY Change
Short-Term Debt $2.750B $2.125B
YoY Change 29.41% -16.96%
Long-Term Debt Due $2.147B $1.355B
YoY Change 58.45% 72.17%
Total Short-Term Liabilities $7.657B $6.389B
YoY Change 19.85% 2.03%
LONG-TERM LIABILITIES
Long-Term Debt $17.76B $18.88B
YoY Change -5.91% -1.32%
Other Long-Term Liabilities $1.606B $1.430B
YoY Change 12.31% 7.36%
Total Long-Term Liabilities $11.65B $14.96B
YoY Change -22.12% 1.25%
TOTAL LIABILITIES
Total Short-Term Liabilities $7.657B $6.389B
Total Long-Term Liabilities $11.65B $14.96B
Total Liabilities $19.31B $21.35B
YoY Change -9.56% 1.48%
SHAREHOLDERS EQUITY
Retained Earnings -$4.333B $2.279B
YoY Change -290.13% 3.36%
Common Stock $10.25B $9.963B
YoY Change 2.91% 0.93%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $6.139B $12.46B
YoY Change
Total Liabilities & Shareholders Equity $43.21B $52.70B
YoY Change -18.0% 0.33%

Cashflow Statement

Concept 2017 Q1 2016 Q1
OPERATING ACTIVITIES
Net Income $205.0M $328.0M
YoY Change -37.5% 47.75%
Depreciation, Depletion And Amortization $416.0M $461.0M
YoY Change -9.76% 8.47%
Cash From Operating Activities $785.0M $650.0M
YoY Change 20.77% 236.79%
INVESTING ACTIVITIES
Capital Expenditures -$720.0M -$847.0M
YoY Change -14.99% 16.35%
Acquisitions
YoY Change
Other Investing Activities $1.000M -$39.00M
YoY Change -102.56% 290.0%
Cash From Investing Activities -$779.0M -$865.0M
YoY Change -9.94% 15.64%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net $0.00
YoY Change
Debt Paid & Issued, Net $211.0M $31.00M
YoY Change 580.65% -35.42%
Cash From Financing Activities -$58.00M $230.0M
YoY Change -125.22% -58.93%
NET CHANGE
Cash From Operating Activities $785.0M $650.0M
Cash From Investing Activities -$779.0M -$865.0M
Cash From Financing Activities -$58.00M $230.0M
Net Change In Cash -$52.00M $15.00M
YoY Change -446.67% 200.0%
FREE CASH FLOW
Cash From Operating Activities $785.0M $650.0M
Capital Expenditures -$720.0M -$847.0M
Free Cash Flow $1.505B $1.497B
YoY Change 0.53% 62.54%

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